Investor Presentaiton

Key takeaways Materially strengthening our #3 position in the Bulgarian banking market. The proforma combined entity would reach 18.2% market share by assets (basically the same as the #2 (OTP) and would become the #2 player in loans (17.0% market share), whilst reinforcing our position as #1 financial group in Bulgaria. Further investment in Bulgaria to benefit from positive macro-economic environment: EU membership and convergence potential, Lev peg to Eur, expected real GDP growth of >4% over the next few years, strengthening legal framework An immediate EPS accretive, highly synergistic transaction: Substantial value creation for shareholders through synergies which are expected to reach ~ 12m EUR in 2022 quickly ramping up to ~ 29m EUR in 2024 and remaining above ~25m EUR from 2025-2031 (pre-tax numbers). Significant additional growth and profitability potential by leveraging on KBC Group's ownership and capabilities (e.g. asset management, insurance, leasing expertise, credit risk expertise and ALM) Limited capital impact on KBC Group's CET1 with impact estimated at around -1pp upon closing The Transaction represents a compelling opportunity for KBC Group to further expand its market position in a well-known core market 20 20 KBC

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